Traders Buy Large Volume of Put Options on OneMain Holdings (OMF)

OneMain Holdings, Inc. (NYSE:OMF) was the recipient of unusually large options trading on Friday. Stock traders bought 1,659 put options on the company. This is an increase of Infinity compared to the typical daily volume of 0 put options.

Several large investors have recently made changes to their positions in OMF. JPMorgan Chase & Co. lifted its holdings in shares of OneMain Holdings by 103.0% during the second quarter. JPMorgan Chase & Co. now owns 4,336 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 2,200 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of OneMain Holdings during the third quarter valued at $119,000. Cubist Systematic Strategies LLC bought a new position in shares of OneMain Holdings during the second quarter valued at $132,000. Pacer Advisors Inc. lifted its holdings in shares of OneMain Holdings by 12.0% during the second quarter. Pacer Advisors Inc. now owns 7,261 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 779 shares in the last quarter. Finally, Virginia Retirement Systems ET AL bought a new position in shares of OneMain Holdings during the third quarter valued at $206,000. 95.80% of the stock is currently owned by hedge funds and other institutional investors.

OneMain Holdings (NYSE:OMF) opened at $24.98 on Monday. The stock has a market capitalization of $3,379.94, a price-to-earnings ratio of 7.62, a PEG ratio of 1.42 and a beta of 2.87. OneMain Holdings has a 1-year low of $18.23 and a 1-year high of $33.39.

OneMain Holdings (NYSE:OMF) last announced its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.14). The business had revenue of $808.00 million for the quarter, compared to the consensus estimate of $800.50 million. OneMain Holdings had a net margin of 4.85% and a return on equity of 14.15%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 earnings per share. equities analysts predict that OneMain Holdings will post 3.52 EPS for the current fiscal year.

A number of equities research analysts have recently commented on the company. Zacks Investment Research raised OneMain Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Bank of America Corporation set a $35.00 target price on OneMain Holdings and gave the stock a “buy” rating in a research note on Friday, October 13th. DA Davidson reissued a “buy” rating and issued a $31.00 target price on shares of OneMain Holdings in a research note on Tuesday, July 18th. ValuEngine cut OneMain Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Northland Securities reissued a “hold” rating and issued a $35.00 target price on shares of OneMain Holdings in a research note on Friday, November 3rd. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. OneMain Holdings currently has an average rating of “Hold” and an average target price of $32.21.

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OneMain Holdings Company Profile

OneMain Holdings, Inc is a financial services holding company. The Company is a consumer finance company, which is engaged in providing personal loan products; credit and non-credit insurance, and service loans owned by it and service or subservice loans owned by third-parties. The Company’s segments include Consumer and Insurance; Acquisitions and Servicing; Real Estate, and Other.

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